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2,175 Posts.

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20/10/22

15:27

Post #: 64302766
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Originally posted by 1ronnie ↑

Amazingly dodged the SBM slaughter.

Bought on 28 Jul at $1.03 and sold it within a week for 16% return, and it went on to post a high of $1.24 days later.

It was on a north bound trajectory and even on rumours of a potential takeover.

Had I held on a Buy and Hold basis that it is cheap, I would have lost 61% instead of making 16% in a week. That alternative 61% loss would have materialised in just under 3 months.

You just can't play this market- too dangerous. Cheap can get truly cheaper.

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So, you can now double your holding with the profit ...or do you think it will go down even further ....how cheap is too cheap for SBM?
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